Press release
Water Purifier Market Size | Industry Growth Report 2022-31
Market Size and Growth:
According to recent studies, the global water purifier market was valued at US$ 38.7 Bn in 2021 and is projected to reach US$ 95.4 Bn by 2030, growing at a CAGR of 10.5% during the forecast period 2022-2031. The market growth can be attributed to increasing urbanization, industrialization, and government initiatives promoting clean drinking water.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23927&utm_source=OpenPR_Mahendra&utm_campaign=OpenPR
Market Segmentation:
By Service Type: Water purifier market can be segmented into point-of-use (POU) and point-of-entry (POE) systems.
By Sourcing Type: The market can be segmented into conventional and advanced water purifiers.
By Application: Water purifiers find applications in residential, commercial, and industrial sectors.
By Industry Vertical: The market caters to industries such as healthcare, food and beverage, and others.
By Region: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Regional Analysis:
North America: The region is expected to witness substantial growth due to strict regulations regarding water quality and increasing consumer awareness.
Europe: Growing concerns over water pollution are driving the market in this region.
Asia-Pacific: Rapid urbanization and industrialization are fueling the demand for water purifiers in countries like China and India.
Latin America and Middle East & Africa: These regions are also experiencing growth due to increasing industrial activities and the need for clean drinking water.
Market Drivers and Challenges:
Drivers: Increasing awareness about waterborne diseases, government initiatives promoting clean water, and growing industrialization.
Challenges: High costs associated with advanced water purifiers and lack of awareness in some regions.
Market Trends:
Growing popularity of smart water purifiers with IoT capabilities.
Increasing adoption of eco-friendly and energy-efficient water purifiers.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=23927<ype=S&utm_source=OpenPR_Mahendra&utm_campaign=OpenPR
Competitive Landscape:
Key players in the market include 3M Purification, Inc., A.O. Smith Corporation, Aquatech International LLC., APEC Water Systems, Kent RO System Ltd., Coway Co., Ltd., Panasonic Corporation, Whirlpool Corporation, Pentair Plc., and Brita. These companies are focusing on product innovation, strategic partnerships, and geographical expansion to strengthen their market presence.
Future Outlook:
The water purifier market is expected to witness significant growth in the coming years, driven by increasing concerns over water quality and the need for sustainable water management practices.
Key Market Study Points:
Market Size and Growth Rate
Market Segmentation
Regional Analysis
Market Drivers and Challenges
Market Trends
Competitive Landscape
Future Outlook
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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